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Earnings Call Summary | YAMAHA MOTOR CO(YAMHF.US) Q1 2024 Earnings Conference

Futu News ·  May 17 17:58  · Conference Call

The following is a summary of the Yamaha Motor Company (YAMHF) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Yamaha reported Q1 2024 revenue of JPY642.1 billion, reflecting a year-on-year increase of 6%.

  • The company's operating income stood at JPY78 billion, up by 3% from the previous year.

  • The net income attributable to the owners of the parent company was JPY56 billion, a 13% increase from the prior year, and the earnings per share (EPS) were JPY56.6, up 16% year-on-year.

Business Progress:

  • Yamaha is focusing on premium models in emerging markets like India, Brazil, and Indonesia while working on reducing inventory levels and controlling expenses.

  • It has established a partnership with Lola to develop high-performance powertrains for Formula E, advancing its expertise in electrification.

  • Looking ahead, Yamaha plans to enhance its brand appeal and product value to counter price wars in the competitive market.

More details: YAMAHA MOTOR CO IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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